@Adam Vieira I used to BRRRR my properties here (and did acquire a few off the MLS), but due to the high demand and low supply of inventory that Colorado Springs is currently experiencing, anything on the MLS won't have much, if any, equity left after the bidding war is over and rehab costs needed to bring the property up to speed. 

In the free sector you can ask anything you want (although you will be dependent on supply and demand and what other people are asking).

After COVID hit, prices on building supplies skyrocketed.

Given the condition of most markets, high prices, and lack of supply I would tread carefully if buying in Hawaii.

If you will be supplying any contents (ie. appliances, furniture, etc.) you need to insure that on the policy. 

And also, I’m guessing that I will need a temporary water supply and temporary power supply for the rebuild projects only, right?

Finding a turn key for 100k would be rare in any neighborhood In this area.With that being said if you’re looking to go the brrrr route in central Arkansas theres a large supply.

@Jeremy Horton First of all I will like to Congratulate you because you are already doing what many wanna be investors don't do very often (Analyzing Deals).Yes, 90% of great market has been very competitive since March 2020 due to low inventory (The Law of Demand and Supply) and historically low interest rate (money is cheap).Since you did not specify your market, I will suggest you may try any or combination of the following and see it it helps your situation:Increase your down-paymentBe more realistic with CapEx (If property is newer or recently remodeled)Manage it yourself for the first 1 year if possibleIdentify and work with honest and experience wholesalersPut in some sweat equity if you have the risk tolerance and willing to take that route.Goodluck and don't give-up.

The housing seems to be in short supply in the cville area...there is another separate post on the Virginia forum regarding duplexes for sale in cville getting 9 offers within 24 hours and well over asking.

With, supply at an all time low and demand at an all time high, Austin, TX is experiencing nothing less than the equivalency of a modern day gold rush.This doesn't seem to be slowing anytime soon.